Singapore legislation
Regulation 7
of Accountants (Accounting Corporations, Accounting Firms and Accounting LLPs) Rules
Regulation 7
Notification of transfer of business of accounting firm to accounting corporation
Amended byS 839/2015 wef 03/01/2016S 191/2024 wef 31/12/2021
Subregulation 1
Every accounting firm which intends to transfer its business to an accounting corporation shall, no later than 7 days before the transfer, give notice in writing to every client of the accounting firm of the intention to transfer its business.
Subregulation 2
Amended byS 839/2015 wef 03/01/2016S 191/2024 wef 31/12/2021
The notice given under paragraph (1) has effect as if it were a notice of resignation within the meaning of section 205AA(1) or 205AB(1) of the Companies Act 1967, as the case may be.